[GNC] Rounding issues with Stock

[R Losey]

On Mon, Aug 26, 2024 at 7:38 PM NS <ninosksan at gmail.com> wrote:

> First, let me tell you I am a recent user of GNUCash, and by no means I am
> a bookkeeper or know a lot about accounting.
> I am using the tool to keep control of some stock I own.
>
> Here is my issue.
> I have a DRIP on the stock. My broker says the reinvested price of each
> share was $26.4884, and they bought 4 shares for a total value of
> $105.9536.
>
> Now, I cannot enter four decimals in the buy (I do not know if it is a
> setting), even though the price handles them.
> When I recorded the transaction in GNUCash y entered 4 shares and a buy of
> $105.95 and a price of $26.4875 was calculated.
>
> If I enter 4 shares and the price of $26.4884, it recalculates it to
> $26.4875.
>
> How do I solve this? I want to keep track of the correct numbers.
>

Let's ponder for a bit... what do you mean by the "correct numbers"? The
amount that was actually spent is absolutely a "correct" number, and the
number of shares added is also a "correct number"... so the one that has to
change is the price per share. Some dividend-paying stocks are set to
reinvest, and I own so few that the number of shares added is tiny, and is
rounded by the brokerage company to 1/1000 -- so the price (as computed) is
off because of the small numbers involved. It DOES make the price history
look weird, but I've learned to not get too worked up about it.  The
numbers you MUST have are the correct number of shares and the total amount
of the transaction.


-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8